Celebrity Estates: Bob Barker and Leaving a Charitable Legacy
Bob Barker is best known as the beloved host of The Price Is Right, the longest-running game show in American television history.
Barker passed away in August 2023. The majority of his estate was donated to 40 different animal and military charities, which was no surprise, given his life as a vegetarian and an outspoken animal rights advocate.
In this episode, WealthManagement.com's David Lenok speaks with David Handler, a partner at Kirkland & Ellis, about adding charitable giving to legacy plans and what should be considered when choosing how to donate. They explore how charitable donations impact beneficiaries from a financial standpoint as well as the tax implications and how that money could be used after donating.
M. Phillips/WireImage/Getty Images
David discusses:
- Different types of charitable donations;
- How charitable donations impact legacy planning for beneficiaries;
- The tax implications of leaving money to charity;
- The limitations of directing where donations will be spent within a charity;
- And more
Resources:
- Listen to the latest episodes of Celebrity Estates
Connect With David Handler:
- LinkedIn: David Handler
- Kirkland & Ellis
Connect With David Lenok:
- [email protected]
- WealthManagement.com
- LinkedIn: David Lenok
- LinkedIn: Informa
- LinkedIn: WealthManagement
About Our Guest:
David A. Handler is a partner in the Trusts and Estates Practice Group of Kirkland & Ellis LLP. He concentrates his practice on trust and estate planning and administration, representing owners of closely-held businesses, family offices, principals of private equity and venture capital funds, individuals and families of significant wealth, and establishing and administering private foundations and other charitable organizations.
David is a fellow of the American College of Trust and Estate Counsel (ACTEC), and a member of the NAEPC Estate Planning Hall of Fame as an Accredited Estate Planner (Distinguished). He is the creator or co-creator of the “HEET trust,” the “RPM Trust” and the “Guaranteed GRAT,” among other innovations. David is also a member of the professional advisory committees of several nonprofit organizations, including the Chicago Community Trust, The Art Institute of Chicago, The Goodman Theatre, WTTW11/98.7WFMT (Chicago public broadcasting stations) and the Jewish Federation of Metropolitan Chicago.
Listen to the podcast
Browse more episodes in this podcast series. ...
The Celebrity Estates: Wills of the Rich and Famous podcast is available on Apple Podcasts, Android, Stitcher and wherever podcasts are found.
TAGS: Individual Wealth Philanthropy High Net Worth People 0 comments Hide comments
Comment * Switch to plain text editorMore information about text formats
Text format CommentsPlain text Comments- Allowed HTML tags: <em> <strong> <blockquote> <br> <p>
- No HTML tags allowed.
- Web page addresses and e-mail addresses turn into links automatically.
- Lines and paragraphs break automatically.
- Load More
- Next Article
Owl Media Group takes pride in providing social-first platforms which equally benefit and facilitate engagement between businesses and consumers and creating much-needed balance to make conducting business, easier, safer, faster and better. The vision behind every platform in the Owl Media suite is to make lives better and foster a healthy environment in which parties can conduct business efficiently. Facilitating free and fair business relationships is crucial for any thriving economy and Owl Media bridges the gap and open doors for transparent and successful transacting. No advertising funds influence the functionality of our media platforms because we value authenticity and never compromise on quality no matter how lucrative the offers from advertisers may seem.
Originally posted on: https://www.wealthmanagement.com/estate-planning/celebrity-estates-bob-barker-and-leaving-charitable-legacy